JPMorgan Earnings Beat Estimates on Bond-Trading Revenue

  • Brexit, rate bets fuel 48% gain in fixed-income business
  • Provision for credit loss in consumer bank jumps $905 million

JPMorgan Chase & Co. posted profit that beat analysts’ estimates on a 48 percent surge in fixed-income revenue, fueled by trading of government bonds after the U.K. voted to leave the European Union.

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